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Ukraine bans imports of oil and fuel from Russia

Ukraine has tightened control of fuel imports by banning the supply of fuel and oil described as of "uncertain origin" but in fact from...

Pakistan buys Russian oil but sees diversified future

Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country's petroleum minister says the future lies in diversified, especially...

Govt decides to obtain oil from Russia at discounted prices: Musadik Malik

ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik said the government is evolving  an energy policy that would focus on creating energy resources...

Pakistan places first order for discounted Russian crude oil

Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, the country's petroleum minister...

Russia starts fuel supplies to Iran by rail: sources

Russia started fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to three...

Russian oil gets backdoor entry into Europe, thanks to India

Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as...

India’s Russian oil imports surge to a record

India's Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December, with Moscow still the...

Russian oil exports banned to countries that imposed price cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of oil and...

Russia says it may cut oil output up to 7%

Russia may cut oil output by 5%-7% in early 2023, as it responds to price caps on its crude and refined products, and halt...

Russia to sell discounted crude oil to Pakistan, Musadik Malik reiterates

ISLAMABAD: Russia will sell crude oil to Pakistan at a discounted price, Minister of State for Petroleum Musadik Malik reiterated while rubbishing claims by...

Pakistan not ‘pursuing or receiving’ discounted Russian oil: Bilawal Bhutto

NEW YORK: Foreign Minister Bilawal Bhutto Zardari said Thursday that Pakistan is "not pursuing or receiving" Russian oil at a discounted price, ARY News...

Oil falls close to 2022 lows on economic worries

Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a...

Russian oil price cap ‘not a tragedy’: Moscow

MOSCOW: Russia expressed confidence Tuesday it would find new buyers for its oil, saying the imposition of a price cap on its exports by...

Russian oil sanctions fuel boom for old tankers

The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude. As Western...

Russia says oil price cap ‘will not affect’ Ukraine offensive

MOSCOW: The Kremlin said on Monday that a price cap on Russian oil exports agreed by the European Union, G7 and Australia will not...

Pakistan to get cheaper oil from Russia, says Musadik Malik

ISLAMABAD: State Minister for Petroleum Musadik Malik on Monday said Russia will provide petrol and diesel to Pakistan at discounted rates, ARY News reported. "Russian...

EU agrees to impose price cap on Russian crude

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador to the bloc said...

Pakistani delegation leaves for Russia for cheaper oil deal talks

ISLAMABAD: A delegation led by State Minister for Petroleum Musadik Malik on Monday has left for Russia to discuss an agreement for the import...

Oil up amid wrangling over Russian oil price cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a...

G7 looking at Russian oil price cap of $65-70 per barrel

The Group of Seven nations (G7) is looking at a price cap on Russian sea-borne oil in the range of $65-70 per barrel, a...
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